Germany May CPI flash report now published 30 May
– 0.0% prev
– yy 1.5 % vs 1.6% exp vs 2.0% prev
– HICP flash mm -0.2% vs -0.1% exp vs -0.0% prev
Softer than expected but shouldn’t have been a great shock after the soggier region…
Author: Mike Paterson
Reuters quoting “sources” 30 May
– decision far from certain
– ECB set to upgrade economic risk assessment
Doesn’t matter that it’s stating the obvious or at least what many have been suggesting for a while. Bots don’t care but reality checks back into town and we see EURUSD back at 1.1166 from a spike to 1.1194
just ahead of decent sell interest at 1.1200
Dallas Fed head Kaplan speaking to CNBC 30 May
– concerned about recent data
– balance sheet should be substantially less than it is today
– still believe US GDP can grow 2% this year
There’s a few been echoing that last one for years, and getting bur…
US ratings agency Fitch out with a note 30 May
– the US dollar will almost certainly remain the world’s most important reserve currency for the foreseeable future but the lack of a ready substitute does not mean the dollar’s current position is entirel…
Forex news for the European trading session May 30 2017
News:
Data:
It’s been a lively session for the most part that saw the euro on the back foot at the start but as risk sentiment changed and the Greek bailout re-payment issue recede…
The Donald is up early and tweeting already 30 May
“We have a MASSIVE trade deficit with Germany, plus they pay FAR LESS than they should on NATO & military. Very bad for U.S. This will change”
Does he REALLY need TO use CAPITALS ?
Greek fin min Tsakalotos talking to Reuters 30 May
”
Bild has distorted what I said yesterday. I never said that Greece would not repay its debt in July” There is no such issue”
Here’s the latest on other key pairs 30 May
0.9764 near session lows after failing into 0.9800. SNB omnipresent in the dips.
USDCHF:
Offers: 0.9785
Currently 123.83 from 123.16 session lows
Risk sentiment changes still dictating the play along with USDJPY later
option expiries
Offers: 124.00 124.30 124.50
Currently 0.8675 after finding decent demand into 0.8650-55
The usual month-end demand from the BUBA in play if only soaking up the selling as I pointed out earlier. They may already have done some on Friday given the pair’s 0….